Monetary limit for filing appeals before High Court not breached ...

Monetary limit not breached for 2006-07 to 2010-11, appeals dismissed. For 2011-12 & 2012-13, exemption u/s 12AA allowed.

July 22, 2024

Case Laws Income Tax HC

Monetary limit for filing appeals before High Court not breached for assessment years 2006-07 to 2010-11, appeals dismissed as not maintainable. For assessment years 2011-12 and 2012-13, tax effect exceeds monetary limit but fundamental issue regarding availability of exemption to Trust u/s 12AA already decided in Trust's favor, questions of law raised by revenue answered against revenue in Trust's favor.

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Monetary limit for filing appeals before High Court not breached ...

Monetary limit not breached for 2006-07 to 2010-11, appeals dismissed. For 2011-12 & 2012-13, exemption u/s 12AA allowed.

July 22, 2024

Case Laws Income Tax HC

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